Abstract
In June 2009, the OECD Council Meeting at Ministerial Level (MCM) adopted a Declaration on Green Growth (OECD 2009a). The declaration invited the OECD to develop a Green Growth Strategy to achieve economic recovery and environmentally and socially sustainable economic growth.1 The MCM Declaration broadly defines “green growth policies” as policies encouraging green investment in order to simultaneously contribute to economic recovery in the short term and help to build the environmentally friendly infrastructure required for a green economy in the long term. In terms of resource economics, such policies firstly need to guide industry to delink environmental degradation from economic or sales growth by reducing resource use per unit of value added (relative decoupling). At the same time, it would be essential to aim at further efforts towards achieving absolute reductions in the use of energy and materials to a sustainable level (absolute decoupling).
This paper has been previously published in International Economics and Economic Policy, Special Issue on “International Economics of Resources and Resource Policy”, Volume 7, Numbers 2–3/August 2010.
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Notes
- 1.
For the latest development on the OECD Green Growth Strategy, see http://www.oecd.org/greengrowth.
- 2.
For more details on the OECD project on Green Growth and Eco-innovation, see http://www.oecd.org/innovation/green.
- 3.
The EU is discussing the renewal of the ETAP as the Eco-Innovation Action Plan from 2011. The new plan will reflect the extension of the eco-innovation concept by embracing non-technological aspects of eco-innovation such as innovation in business models and increasing attention to the diffusion and commercialisation stages of eco-innovation on top of research and development.
- 4.
For detailed information on each example, see OECD (2010).
- 5.
- 6.
The full list of the collected policy initiatives related to eco-innovation is provided in OECD (2010).
- 7.
Recent stimulus packages to address the late-2000s economic crisis contain a wider range of measures in this area, however.
- 8.
This project aims to engage industry and policy practitioners and experts. For the latest development, visit http://www.oecd.org/sti/innovation/sustainablemanufactuing.
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Machiba, T. (2011). Eco-Innovation for Enabling Resource Efficiency and Green Growth: Development of an Analytical Framework and Preliminary Analysis of Industry and Policy Practices. In: Bleischwitz, R., Welfens, P., Zhang, Z. (eds) International Economics of Resource Efficiency. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-2601-2_19
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